The council hopes the transformation of the west side of the city centre could ultimately see the development of around 1,000 new homes and an improved leisure, food and beverage, and retail offer, connected by new public spaces.
The council’s Cabinet is expected today to commit to working with ECF – a partnership between Muse, Legal and General and Homes England – to jointly to bring forward the transformational regeneration plan.
City Centre West, which includes the former Westside development area, features in the Wolverhampton Investment Prospectus, as the largest development and regeneration opportunity in the city centre.
Subject to heads of terms being agreed, the council and ECF will work to develop initial proposals.
These will inform an outline planning application together with a detailed phase one planning application.
Council Leader, Councillor Stephen Simkins, said: “Agreeing a partnership with English Cities Fund has the potential to attract significant investment and create new jobs across Wolverhampton – and it is important that we capitalise on the city’s pathfinder status referenced in the Government’s February 2022 Levelling Up White Paper, with the opportunities for investment that presents.”